Caprock Group LLC Sells 1,642 Shares of LKQ Co. (NASDAQ:LKQ)

Caprock Group LLC lowered its stake in shares of LKQ Co. (NASDAQ:LKQ) by 24.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,041 shares of the auto parts company’s stock after selling 1,642 shares during the quarter. Caprock Group LLC’s holdings in LKQ were worth $201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in shares of LKQ during the 3rd quarter worth about $25,000. Rothschild Investment LLC purchased a new position in shares of LKQ during the second quarter valued at approximately $33,000. Allworth Financial LP grew its stake in shares of LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after buying an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after buying an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise lifted its stake in shares of LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Stock Up 1.6 %

Shares of NASDAQ LKQ opened at $38.50 on Monday. LKQ Co. has a 12-month low of $35.57 and a 12-month high of $53.68. The stock’s fifty day simple moving average is $38.75 and its two-hundred day simple moving average is $40.77. The stock has a market capitalization of $10.01 billion, a PE ratio of 14.37 and a beta of 1.29. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. As a group, analysts expect that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.12%. LKQ’s dividend payout ratio (DPR) is 44.78%.

Analyst Ratings Changes

Several research analysts recently commented on LKQ shares. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. raised their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Roth Mkm reissued a “buy” rating and issued a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. Robert W. Baird reduced their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Stifel Nicolaus lowered their target price on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $53.80.

LKQ Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.